Welcome to our dedicated page for US Global Invstr news (Ticker: GROW), a resource for investors and traders seeking the latest updates and insights on US Global Invstr stock.
U.S. Global Investors, Inc. (NASDAQ: GROW) is a San Antonio, Texas-based registered investment adviser that regularly issues news and updates about its specialized investment strategies and financial performance. This news page aggregates company press releases and third-party coverage related to its role as adviser to U.S. Global Investors Funds and U.S. Global ETFs.
Readers can find announcements on earnings and results of operations, which the company also furnishes to the U.S. Securities and Exchange Commission via Form 8-K. These releases discuss topics such as changes in assets under management, investment income, operating revenues, shareholder yield, liquidity and capital resources. The company also reports on Board-approved monthly dividends and activity under its share repurchase program.
News items highlight sector-focused ETFs for which U.S. Global Investors serves as investment adviser. Examples include the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), the U.S. Global Jets ETF (JETS), the U.S. Global Technology and Aerospace & Defense ETF (WAR) and the U.S. Global Sea to Sky Cargo ETF (SEA). Articles describe how these funds apply Smart Beta 2.0 or active management approaches to areas such as gold and precious metals, airlines, defense and technology, and global shipping and air freight.
Company communications also cover developments like GOAU’s transition from passive indexing to active management, international listings of ETFs on exchanges in Mexico and Colombia, and thematic commentary on gold, airlines, defense spending and the so‑called Fear Trade. In addition, U.S. Global Investors occasionally publishes news about community initiatives, such as its partnership with Keystone School to support a Model United Nations program.
Investors and researchers can use this page to review historical and recent news on GROW, including dividend declarations, ETF milestones, webcast announcements and sector commentary directly from U.S. Global Investors.
U.S. Global Investors (GROW) reported record financial results for the fiscal quarter ending September 30, 2021, with operating revenues of $6.5 million, up over 100% YoY, and net income of $2.4 million, a 23% increase. Average assets under management reached $4.0 billion, doubling from the previous year. The company is set to launch the U.S. Global Sea-to-Sky Cargo ETF (SEA) and remains optimistic about the airline sector recovery. Despite challenges in attracting new fund flows into GOAU, gold mining remains a strong focus. The company continues a share repurchase program and offers a monthly dividend.
U.S. Global Investors, Inc. (GROW) announced the continuation of its monthly dividends, with a December payment of $0.0075 per share, authorized through March 2022. The dividend yield stands at 2.11% based on the December 20 closing price of $4.26. The record date for the dividend is December 13 and the payment date is December 27. Over the past 12 years, the company has maintained its monthly dividend, increasing it twice in the past year. Future dividends will be reviewed by the Board, depending on financial performance and other conditions.
U.S. Global Investors, Inc. announced that six mutual funds will distribute 2021 income dividends and capital gains. The record date is December 22, 2021, with the ex-dividend date on December 23, and payments to be made on December 27. Notably, dividends and capital gains will reduce each fund's net asset value (NAV). Shareholders can opt for automatic reinvestment, receiving distributions as additional shares based on December 23 closing prices, or by check. Detailed distributions include amounts for various funds, highlighting specifics for the China Region, Emerging Europe, and Global Resources Funds.
U.S. Global Investors (GROW) reported a strong fiscal year ending June 30, 2021, with total operating revenues of $21.7 million, up over 380% YoY. Net income reached $32.0 million, or $2.12 per share, compared to a net loss of $4.7 million the previous year. Average assets under management skyrocketed to $3.4 billion, a 380% increase. The company also launched products in international markets and maintained a solid liquidity position with $21.6 million in net working capital. Notably, their JETS ETF attracted significant capital inflows, while their GOAU ETF faced challenges.
U.S. Global Investors, Inc. (NASDAQ: GROW) announced its continuation of monthly dividends, maintaining a payment of $0.0075 per share authorized in September 2021. The November record date was November 15, with payment on November 29. This dividend reflects a 1.57% annual yield based on a closing price of $5.72. The company also has an ongoing stock repurchase program allowing up to $2.75 million in buybacks through December 31, 2021. Dividend payment decisions depend on various factors including financial performance and market conditions.
U.S. Global Investors (GROW) announced the filing of restated consolidated financial statements for the three and nine months ending March 31, 2021, reflecting non-cash adjustments. The adjustments resulted in a net income decrease of $5.6 million and an asset increase of approximately $5.8 million. Additionally, GROW received a notice from Nasdaq for non-compliance with filing rules, having not submitted its Form 10-K for June 30, 2021. The company has until December 17, 2021, to submit a compliance plan.
U.S. Global Investors (GROW) has acquired 1 million shares of Network Entertainment to enhance its position in the burgeoning NFT market. This investment aims to leverage Network's intellectual property, which includes popular documentaries, for NFT creation and distribution. U.S. Global emphasizes the growth potential in NFTs, which saw sales reach $10.7 billion in Q3 2021, significantly up from $28 million the previous year. The firm is optimistic about future demand for NFTs and their connection to Ether, the cryptocurrency utilized in most NFT transactions.
U.S. Global Investors, Inc. (GROW) announced its continuation of monthly dividends, declaring $0.0075 per share for October 2021, marking over 12 years of consistent payouts. The record date for this dividend is October 11, with payments scheduled for October 25. The annualized yield based on the October 20 closing price of $6.42 is 1.40%. Additionally, the company has a stock repurchase program authorizing up to $2.75 million for share buybacks through December 2021.
U.S. Global Investors (GROW) announced a restatement of its consolidated financial statements for the three and nine months ended March 31, 2021, due to non-cash adjustments related to securities held from HIVE Blockchain Technologies. The adjustments will increase total fair value by approximately $5.8 million. Despite this, the company's quarterly operating revenues of $6.4 million remain unchanged. Additionally, GROW received a deficiency notice from Nasdaq for late filing but can submit a compliance plan to regain compliance by December 17, 2021.
U.S. Global Investors, Inc. (GROW) has announced a 50% increase in its monthly dividend, rising from $0.0050 to $0.0075. This increase, effective from October 2021, reflects the Board's confidence in the company’s growth in revenues and cash flow. The new dividend will be paid monthly through December 2021, with record dates set for October 11, November 15, and December 13, and payment dates on October 25, November 29, and December 27. This marks the second dividend increase in 2021, following an earlier adjustment in February.